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From What I've Read This Week...


Weekly Newsletter of what I've read and thought was interesting. I am a Venture Partner at Contrary Capital. Read more at karthiksuresh.me

Issue #15 - Aug 5, 2018

Week of: 4 comma club
NEWS:
Apple is part of the 4 comma club! They are the first company to hit a trillion dollar market cap. Amazon and Google are close to joining Apple as well.

Google is planning to reintroduce censored search in China. About 8 years ago Google pulled out of China because it did not want to censor its search. With over 770 million internet-users in China, mostly on smartphones, Google has realized that there is an extremely large market that is still relatively untapped (minus Baidu). Google plans on agreeing to Chinese censorship rules to blacklist sites and search terms about human rights, democracy, religion, and peaceful protest.

France bans smartphones in schools for students under 15.

Nintendo announced its Q2 earnings. And it looked great: profit jumped 88% and the Switch sold 20 million units. Nintendo is playing and advertising the Switch like it did with the Wii, which was a massive success. The beauty of Nintendo, both in its brand and products, is that it's appeal is multi-generational, and with that they have the ability to sell more products than Sony and Microsoft.

Uber is shutting down its self-driving truck project.

MoviePass is raising its prices and limiting access to certain movies. After MoviePass ran out of money during the Mission Impossible opening, it experienced another outage. MoviePass is going to continue its policy of limiting tickets to top films and raise its prices to $15/mo in order to slow down the tremendous cash burn the company is in.

Google is launching Station, a project which will provide wi-fi hotspots in Nigeria.


Interesting Reads:
Interesting Ben Thompson article on why FB's stock dropped so much. He argues that for all of FB's controversies and missteps, its moats and moat-making potential are deeper than ever. Not only that, FB's money-making potential is growing internally and secularly and it is already extremely large. Most importantly, however, it seems like FB took a major hit by choice: by not focusing on maximizing the short-term, it is spending money and in favor of becoming even more impenetrable in the future. Competitors beware Facebook has plans to stay at the top forever...

Spies in Silicon Valley?

The lack of diversity in the VC industry.

Check how much time you spend on FB and Instagram each day.


Startups:
Fabric, a cross between a private Facebook and Google Photos, relaunched itself. Fabric is a personal journaling app that records photos, memories, activities, and any other moments shared between family and friends. The big difference between this and Facebook is that Fabric is completely private. The app allows you to journal by pulling in photos, locations, and memories posted on other social media and puts everything on a map format for you to look at. If they are able to make this even more social than Google Photos, this could be a great app!

Boston just passed NYC in VC funding. This makes Boston second only to Silicon Valley for VC funding and exits. The growth has mainly been due to a large shift in the market in favor of Boston's ecosystem of biotech, AI, and consumer apps.

Peloton raised $550M in its Series F round. Peloton is a stationary bike company that livestreams its classes. With the new round of funding, it hopes to become a "media company like Netflix" and move outside the US.
     
     
 
 
Taking a look at America's land and how its used.
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From what I've read this week... · 110 8th St · Troy, NY 12180 · USA

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